I'm no stranger to bear market pain, in fact, I embrace the pain as a part of my crypto journey. However, as the market continues to slump further towards the abyss, I notice I'm also slumping with the market.
I know it is a rookie move to be emotionally connected to my bag but what other option do I have when this is literally all I've got in this world? There's no nice way to put it, I'm exposed and experiencing maximum pain.
Yes, I may be poor but all I've got is literally everything I have, so whenever the market slumps, you're also seeing my net worth dumping with the market. It is a frustrating experience for everyone, and more so for people like me that aren't smart enough to invest outside of the crypto industry.
Hive is below 30 cents
In a subtle way, seeing Hive above 30 cents had a bolstering effect on my emotions. I didn't realise this until I checked the market and noticed that Hive is currently trading around 28 cents.
For the first time since this bear market kicked off after the Luna debacle, I'm genuinely concerned and seriously having second thoughts about cryptocurrencies. Don't get me wrong, I still trust the tech, it's just the numbers I'm talking about.
At 28 cents, this is probably Hive's lowest point since the community fork away from Steem. Well, for what it's worth, Hive did trade at this value for a while but that was a long time ago and there wasn't this level of fear and uncertainty in the air.
For me, 30 cents represented a psychological barrier and seeing Hive trade below it has shaken my core. I'm not rage quitting or anything like that, in fact, I'm even going to double down to accumulate now for the future, but the point is, I'm worried.
I'm not fucking leaving
Typically, in a bear market, the number of creators around these parts drastically reduces. They'll be back when they hear numbers are going up again but by that time, those that stuck around will be reaping the reward for sticking by the platform.
For what it's worth, no matter how low the price of Hive drops, I'm not leaving. Not only because Hive is my source of income but also because I believe that Hive needs me now, more than ever.
I'm going to double down on my engagement numbers and try to interact with more publishers around here. The real MVPs are those that continue to churn out good content, despite the dip in price, we'll all be grateful we did it, in the long run.
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Everyone is worried now... Extreme fear and uncertainty tho as for some people who thought they got into Hive a bit late have gotten opportunity to buy more.
Well, leaving ain't a word in dictionary. Sticking around making engagement and having fun interacting with people.
Couldn't agree more on this. Well said! It is the time hivers should unite and have belief in Good time coming ahead.
We gotta stay strong for the community.
Your post should be called facts on facts on facts. I am taking 10% of my payout to save and buy Hive. Even if it's a little this period will mean so much.
100
I expect Bitcoin to drop towards $10,000 and HIVE should go below $0.25… but in my opinion it's just a market movement and we don't need to worry
More pain ahead but that's part of the process
I agree, I think we will have to suffer for half of 2023
There were times, not long ago, when many people here yearned for HIVE over 0.2 US$.
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Oh the good old days lol
Below 1 USD is always a buy for me. Though I like to make my accumulation faster with HIVE's current market price, I cannot escape the reality of my financial limitation that I can only save 40.00 USD per month for my crypto micro-investment. Though I could not say that I am really immune from such pain and since I committed a minimum of 5 years to our blockchain community, I see such a drop as something good for those who want to grow their stakes.
Cheers!
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I don't earn anything on the side, so it is difficult. I'll be fine though
I understand. Good to know that you are able to deal with it.
Bravo perfect analysis, this is the time to resist and insist also because Hive needs us all; then let's face it, in these moments you can increase your power by buying at a discount and if you don't have external money to invest, transforming HBD into HP which is really convenient at these prices. We're all here hoping that the market will go up again but in any case it's a time that will pass! Hold on and insist! Thanks for sharing and for the inspiration!
The community needs us, we gotta keep our head up and continue creating
We're in the same boat.
Who's paddling?
At the moment no one
I'm pretty sure that's not right. I remember buying 1000 Hive for just $100 USD near the start of last year. Hmm... several months before the last bear cycle, not long after the split from Steemit. It seemed like Hive was skirting a dime for a long while.
Anyway, I know your feeling man, but all we can do is keep the faith. Long bears always feel this way. Hive and BTC may still fall quite a bit before it's over, so hold on. If it bothers you to much but you want to stay in this game, you can always move some of your HP to HBD for some stability.
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Wouldn't moving HP--> HBD be a better move in a bull market? Unless you think it will drop considerably more of course..
But then, just as sudden as the bear came the bull could return and having less hp and more hbd will not be the smartest thing at that point
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It depends on your risk tolerance. I suggested moving HP to HBD right now because he expressed worry at the falling market. So HBD offers stability (less risk). But it also offers less reward. So if one is worried of the market falling further, moving some funds into a stable coin like HBD is a good idea. But if one thinks the market will explore upward soon, then sticking in Hive is the better move.
But yes, you're right, the best way to make money is buy Hive now and then when the Bull comes you start to move it into HBD to secure your gains. Of course that's the best way to lose money too if the Bulls never come haha. So it's a balance.
Have the bulls ever not shown up? :-P Yeah, you're right. from a portfolio and risk tolerance stand point you'd want to have a balance of these that makes sense for your peace of mind, losing sleep over it is a recipe for disaster.
Hive going reaaaaally does carry risk to the stability of HBD though, but I think it would need a good 60%+ drop from here before the haircut rule gets triggered
Yeah, Hive has been lower but right now feels like a lower point than then, even if the price says a different story. I don't know if you get what I mean
I get where you're coming from and price action definitely ain't pretty, but it's what the markets do and just provides the ones who still belief with an opportunity.
Judging by your last paragraph you've got the right spirit still, keep it up!
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You're a beast on posting...just keep it up and things will turn around. You just need to get to the other side of the slump! Hang in there!!
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Doing my best Tamara. Thank you
You always have the opportunity to earn USD from copywriting.
Only need 5 clients on $2k per month retainers to make $120K per year.
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Man I need those clients. I'll keep searching for them
I know the feeling, don't worry. I have seen my crypto portfolio go from being worth 100s, to millions, and down to a few thousand. It is extremely volatile. I think the best thing to do is buy when it is dumping like crazy (now) and sell when people are getting crazy greedy. In other words, don't be afraid to take profits during bull runs. Then you can buy back in times like these, increasing your holdings.
Gotta keep my head up and keep calm.
8 Cent end of 2020 😁
lol true true. Those were dark days
You have the right idea. This is the best time to accumulate HIVE. When things turn around and prices are higher, I would suggest diversifying with more HBD so that the next bear market won't be as nerve wrecking.
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Markets are insane. No one cares about use case they just care about green candles.
Hive will be fine, but the markets are just doo doo right now. Nothing we do but keep on keeping on :)
!CTP
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